Early trading in equity futures suggests that Wall Street will likely continue last week’s strong rally. Despite recent volatility driven by concerns over rising bond yields conflicting with expectations of strong corporate earnings, particularly within the tech sector, market sentiment appears resilient. The Nasdaq 100, home to major technology companies,...
This week witnessed a dramatic downturn in the market values of the top-tier tech companies, known as the “Magnificent Seven,” collectively shedding a staggering $950 billion. Among them, Nvidia bore the brunt, losing almost $300 billion, a figure exceeding the entire market worth of its rival, Advanced Micro Devices Inc....
Investor John Hussman is sounding the alarm on the current stock market, comparing it to historic bubbles like those before the 1929 crash and the peak in 2021. He warns that stock valuations now mirror those preceding past market downturns, signaling a looming correction. Despite the market hitting record highs...
Important Insights for the U.S. Trading Day Today’s focus centers on the release of the consumer price index by the Labor Department at 8:30 a.m. Eastern, amidst ongoing discussions about potential Fed rate adjustments. A thought-provoking perspective is emerging suggesting that illegal immigration could be playing a significant role in...
The volatility index hints at a period of calm, but recent corporate earnings have sparked unpredictability in individual stocks. Brace yourself for potential market turbulence making a comeback sooner than expected. The past week witnessed significant market upswings, with the S&P 500 index soaring by 5.9%, marking its most substantial...
